Farmers & Merchants Bancorp, Inc. Raises The 2023 Q4 Cash Dividend By 4.8% From $0.21 To $0.22 Per Share
Portfolio Pulse from Benzinga Newsdesk
Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) has announced a 4.8% increase in its quarterly cash dividend, raising it from $0.21 to $0.22 per share. This marks the 29th consecutive year of dividend increases for the company. The dividend is payable on January 20, 2024, to shareholders of record as of December 29, 2023. The company's President and CEO highlighted the strong financial results and commitment to shareholder returns.
December 19, 2023 | 9:46 pm
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FMAO has increased its quarterly dividend by 4.8%, from $0.21 to $0.22 per share, continuing a 29-year streak of dividend growth.
Dividend increases are typically seen as a positive signal about a company's financial health and future prospects. FMAO's announcement of a 4.8% increase in its dividend, continuing a 29-year streak, is likely to be viewed favorably by investors, especially those focused on income. This could lead to a short-term positive impact on the stock price as it may attract dividend investors and signal confidence from the management in the company's financial stability.
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